Joint Stock Company Kaspi.kz (KSPI)

KSPI Cash Flow Statement

Financials in millions KZT. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	1,090,972	1,039,739	841,351	585,026	431,914	260,964
Depreciation & Amortization	49,549	28,814	26,318	16,794	-	9,588
Other Operating Activities	210,172	95,960	-46,478	36,685	34,694	7,304
Change in Other Net Operating Assets	-601,971	-585,873	289,934	370,083	-391,961	336,029
Operating Cash Flow	807,082	581,892	1,106,128	1,020,984	70,351	617,729
Operating Cash Flow Growth	90.56%	-47.39%	8.34%	1351.27%	-88.61%	108.45%
Capital Expenditures	-141,626	-95,726	-50,257	-59,468	-24,901	-18,189
Sale of Property, Plant & Equipment	524	519	221	528	383	694
Cash Acquisitions	-265,716	-	-29,052	-	-5,110	-662
Divestitures	-	-	-	-	4,500	-
Investment in Securities	127,268	-13,157	-139,272	-428,221	314,876	-346,554
Investing Cash Flow	-279,550	-108,364	-218,360	-487,161	289,748	-364,711
Long-Term Debt Repaid	-	-48,769	-46,561	-	-10,371	-
Net Debt Issued (Repaid)	279,477	-48,769	-46,561	-	-10,371	-
Repurchase of Common Stock	-	-2,852	-60,703	-63,672	-	-
Common Dividends Paid	-323,028	-646,056	-560,132	-210,102	-340,362	-175,368
Dividends Paid	-323,028	-646,056	-560,132	-210,102	-340,362	-175,368
Other Financing Activities	-11,554	-12,094	-8,574	-2,137	-1,847	-2,125
Financing Cash Flow	-55,105	-709,771	-675,970	-275,911	-352,580	-177,493
Foreign Exchange Rate Adjustments	10,659	35,247	-6,692	15,347	4,174	15,744
Net Cash Flow	483,086	-200,996	205,106	273,259	11,693	91,269
Free Cash Flow	665,456	486,166	1,055,871	961,516	45,450	599,540
Free Cash Flow Growth	79.89%	-53.96%	9.81%	2015.55%	-92.42%	114.57%
Free Cash Flow Margin	20.92%	19.11%	55.50%	75.76%	5.13%	99.45%
Free Cash Flow Per Share	3475.10	2539.65	5497.54	4956.49	233.87	3094.94
Cash Interest Paid	693,741	597,046	454,502	257,030	161,369	129,255
Cash Income Tax Paid	238,842	218,060	181,784	133,422	85,121	55,775
Levered Free Cash Flow	-635,627	-722,752	-286,315	-59,994	-527,712	263,305
Unlevered Free Cash Flow	-182,573	-337,680	12,441	114,179	-420,530	350,181
Change in Working Capital	-543,611	-582,621	284,937	382,479	-396,257	339,873

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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